21 Nov 2025
More recent developments
November 21, 2025
Special-purpose bond funding for infrastructure falls
Special-purpose bonds (SPBs) – traditionally a core channel for financing growth-boosting infrastructure projects – are playing a smaller role in supporting the economy. Quick refresher: At the March Two Sessions, the legislature (NPC) authorized local governments to issue RMB 4.4… Read More »
November 21, 2025
Lithium prices surge on the back of soaring demand, tightening supplies
The lithium industry might be on the brink of a cyclical upturn. On Wednesday, lithium carbonate futures on the Guangzhou Futures Exchange passed RMB 100,000 per metric ton for the first time since July 2024 – a move supported by… Read More »
November 21, 2025
NEVs march toward majority share of auto exports
China's auto exports have recovered to their highest level in twelve months – driven by new energy vehicles (NEVs). Per the China Passenger Car Association’s October auto export data: China exported 568,000 autos, up 7.5% m/m and 27% above the… Read More »